Cedar Hill Associates, LLC is a large advisory firm based in Chicago. It manages $210.98 million of regulatory assets for 346 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 8 other states.
Cedar Hill Associates provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cedar Hill Associates, LLC is $210.98 million. The firm's AUM has gone down by -79% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Cedar Hill Associates, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Joel H (Mi) Jastromb is high net worth individuals with 127 clients and $98.03 million of assets under management. Among the 10 most similar advisory firms, Cedar Hill Associates has the 5th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $198.72 million for 341 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Cedar Hill Associates also advises several private funds. Namely, two hedge funds, two real estate funds, and three private equity funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $500,000.
The company employs 16 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Joel H (Mi) Jastromb has been acting as President since 1 Apr 2008. Christopher Irving Engelman has served as the Chief Investment Officer since 1 Jan 2017. Gerald Brady Coogan joined the executive team most recently as the Director.
The principal office where Cedar Hill Associates, LLC performs its advisory services is located at 120 North Lasalle Street, Chicago, IL 60602, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-445-2900 or by fax 312-445-2901. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at cedhill.com.